Jarislowsky, Fraser Ltd
- SEC CIK
- 0001123778
- Latest filing
- Oct 21, 2025
Holdings changes from Q3 2023 to Q4 2023
Long positions only; new, added, reduced and sold out are based on share counts. Pick any two quarters this institution filed.
- New
- 37
- Est. +$138.0M
- Added
- 49
- Est. +$241.9M
- Reduced
- 114
- Est. −$785.3M
- Sold out
- 4
- Est. −$2.17M
Portfolio value went from $15.4B to $17.0B (+$1.63B (+10.6%)); positions from 188 to 221 (+33).
All Q4 2023 holdingsAll Q3 2023 holdings
In the shares, value and % of portfolio columns, the top figure is Q4 2023 and the gray one below is Q3 2023. For stocks that split between the two quarters, Q3 2023 shares are converted at the split ratio before comparing.
| Security | Action | Shares | Share change | Value | Est. bought or sold | % of portfolio | Weight change (pp) |
|---|---|---|---|---|---|---|---|
| CNICanadian National Railway Co | ReducedHistory | 8,819,4619,095,233 | −275,772−3.0% | $1.11B$989.5M | −$34.8M | 6.6%6.4% | +0.11 |
| BNBROOKFIELD Corp | ReducedHistory | 22,503,59223,070,178 | −566,586−2.5% | $907.1M$724.7M | −$22.8M | 5.3%4.7% | +0.62 |
| OTEXOpen Text Corp | ReducedHistory | 15,391,55715,912,205 | −520,648−3.3% | $650.0M$561.0M | −$22.0M | 3.8%3.6% | +0.17 |
| BNSBank of Nova Scotia | AddedHistory | 13,163,54512,621,147 | +542,398+4.3% | $643.9M$568.3M | +$26.5M | 3.8%3.7% | +0.09 |
| TRIThomson Reuters Corp | ReducedHistory | 4,303,5914,457,650 | −154,059−3.5% | $632.3M$547.8M | −$22.6M | 3.7%3.6% | +0.15 |
| MSFTMicrosoft Corp | ReducedHistory | 1,663,5761,715,549 | −51,973−3.0% | $625.6M$541.7M | −$19.5M | 3.7%3.5% | +0.15 |
| GIBCgi Inc | ReducedHistory | 5,347,3245,632,071 | −284,747−5.1% | $575.7M$557.7M | −$30.7M | 3.4%3.6% | −0.24 |
| QSRRestaurant Brands International Inc. | ReducedHistory | 7,041,9957,282,882 | −240,887−3.3% | $552.9M$487.2M | −$18.9M | 3.3%3.2% | +0.08 |
| STNStantec Inc | ReducedHistory | 6,456,8477,474,570 | −1,017,723−13.6% | $520.9M$487.2M | −$82.1M | 3.1%3.2% | −0.11 |
| TRPTC Energy Corp | ReducedHistory | 13,166,45413,604,261 | −437,807−3.2% | $516.8M$470.0M | −$17.2M | 3.0%3.1% | −0.02 |
| MFCManulife Financial Corp | ReducedHistory | 20,715,60221,651,465 | −935,863−4.3% | $460.0M$397.5M | −$20.8M | 2.7%2.6% | +0.12 |
| MGAMagna International Inc | ReducedHistory | 6,966,8327,248,394 | −281,562−3.9% | $413.6M$390.2M | −$16.7M | 2.4%2.5% | −0.11 |
| GILGildan Activewear Inc. | ReducedHistory | 11,882,80012,456,811 | −574,011−4.6% | $394.9M$350.8M | −$19.1M | 2.3%2.3% | +0.04 |
| FNVFranco Nevada Corp | AddedHistory | 3,444,8482,936,530 | +508,318+17.3% | $383.4M$393.8M | +$56.6M | 2.3%2.6% | −0.31 |
| SHOPShopify Inc. | ReducedHistory | 4,858,6247,681,571 | −2,822,947−36.7% | $380.1M$421.2M | −$220.9M | 2.2%2.7% | −0.50 |
| CAECae Inc | AddedHistory | 17,334,63513,491,024 | +3,843,611+28.5% | $376.0M$316.4M | +$83.4M | 2.2%2.1% | +0.15 |
| DSGXDescartes Systems Group Inc | ReducedHistory | 4,335,2504,454,474 | −119,224−2.7% | $366.0M$328.5M | −$10.1M | 2.2%2.1% | +0.02 |
| AMZNAmazon Com Inc | ReducedHistory | 2,342,4932,564,949 | −222,456−8.7% | $355.9M$326.1M | −$33.8M | 2.1%2.1% | −0.03 |
| UNHUnitedHealth Group Inc | ReducedHistory | 653,209661,907 | −8,698−1.3% | $343.9M$333.7M | −$4.58M | 2.0%2.2% | −0.15 |
| MAMastercard Inc | ReducedHistory | 687,785699,205 | −11,420−1.6% | $293.3M$276.8M | −$4.87M | 1.7%1.8% | −0.08 |
| CIGIColliers International Group Inc. | ReducedHistory | 2,297,4792,363,027 | −65,548−2.8% | $292.0M$226.1M | −$8.33M | 1.7%1.5% | +0.25 |
| GOOGLAlphabet Inc. | ReducedHistory | 1,716,7591,808,678 | −91,919−5.1% | $239.8M$236.7M | −$12.8M | 1.4%1.5% | −0.13 |
| FISVFiserv Inc | ReducedHistory | 1,796,0451,831,663 | −35,618−1.9% | $238.6M$206.9M | −$4.73M | 1.4%1.3% | +0.06 |
| ABTAbbott Laboratories | ReducedHistory | 2,122,4052,180,892 | −58,487−2.7% | $233.6M$211.2M | −$6.44M | 1.4%1.4% | 0.00 |
| RYRoyal Bank of Canada | ReducedHistory | 2,257,8072,261,954 | −4,147−0.2% | $229.4M$198.6M | −$421.4K | 1.3%1.3% | +0.06 |
| CPRTCopart Inc | ReducedHistory | 4,522,1704,603,650 | −81,480−1.8% | $221.6M$198.4M | −$3.99M | 1.3%1.3% | +0.01 |
| PEPPepsiCo Inc | ReducedHistory | 1,270,9051,281,111 | −10,206−0.8% | $215.9M$217.1M | −$1.73M | 1.3%1.4% | −0.14 |
| GOOGAlphabet Inc. | ReducedHistory | 1,519,2411,643,019 | −123,778−7.5% | $214.1M$216.6M | −$17.4M | 1.3%1.4% | −0.15 |
| BDXBecton Dickinson & Co | ReducedHistory | 864,762877,874 | −13,112−1.5% | $210.9M$227.0M | −$3.20M | 1.2%1.5% | −0.24 |
| JPMJPMorgan Chase & Co | ReducedHistory | 1,145,5631,148,530 | −2,967−0.3% | $194.9M$166.6M | −$504.7K | 1.1%1.1% | +0.06 |
| IQVIQVIA Holdings Inc. | ReducedHistory | 788,895795,001 | −6,106−0.8% | $182.5M$156.4M | −$1.41M | 1.1%1.0% | +0.06 |
| ORCLOracle Corp | AddedHistory | 1,700,5961,680,963 | +19,633+1.2% | $179.3M$178.0M | +$2.07M | 1.1%1.2% | −0.10 |
| BSXBoston Scientific Corp | ReducedHistory | 3,028,2153,084,845 | −56,630−1.8% | $175.1M$162.9M | −$3.27M | 1.0%1.1% | −0.03 |
| ACNAccenture plc | ReducedHistory | 497,940500,199 | −2,259−0.5% | $174.7M$153.6M | −$792.7K | 1.0%1.0% | +0.03 |
| CBChubb Ltd | ReducedHistory | 682,646691,341 | −8,695−1.3% | $154.3M$143.9M | −$1.97M | 0.9%0.9% | −0.03 |
| IBKRInteractive Brokers Group, Inc. | ReducedHistory | 1,811,8041,828,073 | −16,269−0.9% | $150.2M$158.2M | −$1.35M | 0.9%1.0% | −0.15 |
| SHWSherwin Williams Co | AddedHistory | 425,326423,458 | +1,868+0.4% | $132.7M$108.0M | +$582.6K | 0.8%0.7% | +0.08 |
| DHRDanaher Corp | AddedHistory | 572,858516,950 | +55,908+10.8% | $132.5M$128.3M | +$12.9M | 0.8%0.8% | −0.06 |
| TDToronto Dominion Bank | ReducedHistory | 1,917,3581,931,881 | −14,523−0.8% | $124.5M$116.9M | −$943.0K | 0.7%0.8% | −0.03 |
| AMEAmetek Inc | ReducedHistory | 666,750679,251 | −12,501−1.8% | $109.9M$100.4M | −$2.06M | 0.6%0.7% | −0.01 |
| JNJJohnson & Johnson | ReducedHistory | 682,023688,919 | −6,896−1.0% | $106.9M$107.3M | −$1.08M | 0.6%0.7% | −0.07 |
| DEODiageo PLC | ReducedHistory | 720,064722,672 | −2,608−0.4% | $104.9M$107.8M | −$379.9K | 0.6%0.7% | −0.08 |
| HDBHDFC Bank Ltd | AddedHistory | 1,535,3261,463,391 | +71,935+4.9% | $103.0M$86.4M | +$4.83M | 0.6%0.6% | +0.04 |
| ENBEnbridge Inc | ReducedHistory | 2,802,5242,874,036 | −71,512−2.5% | $101.4M$95.8M | −$2.59M | 0.6%0.6% | −0.03 |
| BKNGBooking Holdings Inc. | ReducedHistory | 27,79434,694 | −6,900−19.9% | $98.6M$107.0M | −$24.5M | 0.6%0.7% | −0.12 |
| TJXTJX Companies Inc | ReducedHistory | 1,048,0651,052,831 | −4,766−0.5% | $98.3M$93.6M | −$447.1K | 0.6%0.6% | −0.03 |
| BRK.BBerkshire Hathaway Inc | ReducedHistory | 270,728273,463 | −2,735−1.0% | $96.6M$95.8M | −$975.5K | 0.6%0.6% | −0.06 |
| PGProcter & Gamble Co | ReducedHistory | 643,971660,963 | −16,992−2.6% | $94.4M$96.4M | −$2.49M | 0.6%0.6% | −0.07 |
| GWREGuidewire Software, Inc. | ReducedHistory | 864,172953,032 | −88,860−9.3% | $94.2M$85.8M | −$9.69M | 0.6%0.6% | 0.00 |
| MDLZMondelez International, Inc. | ReducedHistory | 1,256,6151,260,925 | −4,310−0.3% | $91.0M$87.5M | −$312.2K | 0.5%0.6% | −0.03 |
| METAMeta Platforms, Inc. | ReducedHistory | 231,704240,727 | −9,023−3.7% | $82.0M$72.3M | −$3.19M | 0.5%0.5% | +0.01 |
| OZKBank OZK | ReducedHistory | 1,607,4451,725,516 | −118,071−6.8% | $80.1M$64.0M | −$5.88M | 0.5%0.4% | +0.05 |
| LCIILci Industries | ReducedHistory | 550,700589,608 | −38,908−6.6% | $69.2M$69.2M | −$4.89M | 0.4%0.5% | −0.04 |
| ELEstee Lauder Companies Inc | AddedHistory | 456,163277,643 | +178,520+64.3% | $66.7M$40.1M | +$26.1M | 0.4%0.3% | +0.13 |
| MNSTMonster Beverage Corp | ReducedHistory | 1,103,1741,129,636 | −26,462−2.3% | $63.6M$59.8M | −$1.52M | 0.4%0.4% | −0.02 |
| AFGAmerican Financial Group Inc | ReducedHistory | 504,747518,138 | −13,391−2.6% | $60.0M$57.9M | −$1.59M | 0.4%0.4% | −0.02 |
| Vanguard Morningstar Total Stock Market ETF922908769 | New– | 247,9000 | +247,900 | $58.8M$0 | +$58.8M | 0.3%0.0% | +0.35 |
| ADSKAutodesk, Inc. | NewHistory | 234,7090 | +234,709 | $57.1M$0 | +$57.1M | 0.3%0.0% | +0.34 |
| VRSKVerisk Analytics, Inc. | ReducedHistory | 233,791251,504 | −17,713−7.0% | $55.8M$59.4M | −$4.23M | 0.3%0.4% | −0.06 |
| RELXRELX PLC | ReducedHistory | 1,314,5831,319,993 | −5,410−0.4% | $52.1M$44.5M | −$214.6K | 0.3%0.3% | +0.02 |
| CLColgate Palmolive Co | ReducedHistory | 630,312668,278 | −37,966−5.7% | $50.2M$47.5M | −$3.03M | 0.3%0.3% | −0.01 |
| BERYBerry Global Group, Inc. | ReducedHistory | 722,017738,996 | −16,979−2.3% | $48.7M$45.8M | −$1.14M | 0.3%0.3% | −0.01 |
| COSTCostco Wholesale Corp | ReducedHistory | 68,74370,685 | −1,942−2.7% | $45.4M$39.9M | −$1.28M | 0.3%0.3% | +0.01 |
| AXAxos Financial, Inc. | ReducedHistory | 825,667844,358 | −18,691−2.2% | $45.1M$32.0M | −$1.02M | 0.3%0.2% | +0.06 |
| Cyberark Software LtdM2682V108 | Reduced– | 204,291252,285 | −47,994−19.0% | $44.7M$41.3M | −$10.5M | 0.3%0.3% | −0.01 |
| CACCCredit Acceptance Corp | AddedHistory | 71,26263,650 | +7,612+12.0% | $38.0M$29.3M | +$4.06M | 0.2%0.2% | +0.03 |
| TSMTaiwan Semiconductor Manufacturing Co Ltd | ReducedHistory | 342,606349,636 | −7,030−2.0% | $35.6M$30.4M | −$731.1K | 0.2%0.2% | +0.01 |
| CMECME Group Inc. | AddedHistory | 153,870148,247 | +5,623+3.8% | $32.4M$29.7M | +$1.18M | 0.2%0.2% | 0.00 |
| BMOBank of Montreal | ReducedHistory | 314,414323,269 | −8,855−2.7% | $31.3M$27.4M | −$880.5K | 0.2%0.2% | +0.01 |
| ULUnilever PLC | AddedHistory | 625,189592,479 | +32,710+5.5% | $30.3M$29.3M | +$1.59M | 0.2%0.2% | −0.01 |
| XOMExxonMobil Holdings Corp | AddedHistory | 291,559287,931 | +3,628+1.3% | $29.2M$33.9M | +$362.7K | 0.2%0.2% | −0.05 |
| ADPAutomatic Data Processing Inc | ReducedHistory | 110,797113,667 | −2,870−2.5% | $25.8M$27.3M | −$668.6K | 0.2%0.2% | −0.03 |
| SAPSAP SE | ReducedHistory | 159,578176,884 | −17,306−9.8% | $24.7M$22.9M | −$2.68M | 0.1%0.1% | 0.00 |
| PGRProgressive Corp | ReducedHistory | 145,196172,929 | −27,733−16.0% | $23.1M$24.1M | −$4.42M | 0.1%0.2% | −0.02 |
| LLYEli Lilly & Co | ReducedHistory | 38,67039,398 | −728−1.8% | $22.5M$21.2M | −$424.4K | 0.1%0.1% | −0.01 |
| ABBVAbbVie Inc. | AddedHistory | 143,632143,085 | +547+0.4% | $22.3M$21.3M | +$84.8K | 0.1%0.1% | −0.01 |
| SPYSPDR S&P 500 ETF Trust | AddedHistory | 46,40645,346 | +1,060+2.3% | $22.1M$19.4M | +$503.8K | 0.1%0.1% | 0.00 |
| ZTSZoetis Inc. | ReducedHistory | 111,346117,321 | −5,975−5.1% | $22.0M$20.4M | −$1.18M | 0.1%0.1% | 0.00 |
| ASMLASML Holding NV | ReducedHistory | 28,21229,421 | −1,209−4.1% | $21.4M$17.3M | −$915.1K | 0.1%0.1% | +0.01 |
| CMCSAComcast Corp | ReducedHistory | 455,388475,025 | −19,637−4.1% | $20.0M$21.1M | −$861.1K | 0.1%0.1% | −0.02 |
| NTRNutrien Ltd. | ReducedHistory | 340,744347,799 | −7,055−2.0% | $19.3M$21.6M | −$399.4K | 0.1%0.1% | −0.03 |
| TUTelus Corp | ReducedHistory | 1,075,0681,092,248 | −17,180−1.6% | $19.2M$17.9M | −$307.2K | 0.1%0.1% | 0.00 |
| ALCAlcon Inc | AddedHistory | 239,574236,167 | +3,407+1.4% | $18.7M$18.2M | +$266.2K | 0.1%0.1% | −0.01 |
| SFBSServisFirst Bancshares, Inc. | ReducedHistory | 263,663270,644 | −6,981−2.6% | $17.6M$14.1M | −$465.1K | 0.1%0.1% | +0.01 |
| PBAPembina Pipeline Corp | ReducedHistory | 505,484580,302 | −74,818−12.9% | $17.5M$17.5M | −$2.59M | 0.1%0.1% | −0.01 |
| BCEBce Inc | ReducedHistory | 390,578395,210 | −4,632−1.2% | $15.5M$15.2M | −$183.3K | 0.1%0.1% | −0.01 |
| AAPLApple Inc. | AddedHistory | 67,40561,291 | +6,114+10.0% | $13.0M$10.5M | +$1.18M | 0.1%0.1% | +0.01 |
| NVONovo Nordisk A S | ReducedHistory | 123,732133,282 | −9,550−7.2% | $12.8M$12.1M | −$987.9K | 0.1%0.1% | 0.00 |
| SLFSun Life Financial Inc | ReducedHistory | 231,027235,058 | −4,031−1.7% | $12.0M$11.5M | −$210.1K | 0.1%0.1% | 0.00 |
| CVXChevron Corp | ReducedHistory | 76,41081,193 | −4,783−5.9% | $11.4M$13.7M | −$713.4K | 0.1%0.1% | −0.02 |
| CVSCVS Health Corp | ReducedHistory | 105,430110,214 | −4,784−4.3% | $8.32M$7.70M | −$377.7K | <0.1%0.1% | 0.00 |
| MMM3M Co | ReducedHistory | 73,66079,083 | −5,423−6.9% | $8.05M$7.40M | −$592.8K | <0.1%<0.1% | 0.00 |
| NKENIKE, Inc. | AddedHistory | 73,64071,581 | +2,059+2.9% | $8.00M$6.84M | +$223.5K | <0.1%<0.1% | 0.00 |
| FMXMexican Economic Development Inc | ReducedHistory | 60,70767,452 | −6,745−10.0% | $7.91M$7.36M | −$879.2K | <0.1%<0.1% | 0.00 |
| KOCoca Cola Co | AddedHistory | 132,804116,321 | +16,483+14.2% | $7.83M$6.51M | +$971.3K | <0.1%<0.1% | 0.00 |
| KMBKimberly Clark Corp | ReducedHistory | 63,02566,725 | −3,700−5.5% | $7.66M$8.06M | −$449.6K | <0.1%0.1% | −0.01 |
| XPXP Inc. | AddedHistory | 282,418273,138 | +9,280+3.4% | $7.36M$6.30M | +$241.9K | <0.1%<0.1% | 0.00 |
| PFEPfizer Inc | ReducedHistory | 251,097273,002 | −21,905−8.0% | $7.23M$9.06M | −$630.6K | <0.1%0.1% | −0.02 |
| CPCanadian Pacific Kansas City Ltd | AddedHistory | 89,64454,788 | +34,856+63.6% | $7.13M$4.09M | +$2.77M | <0.1%<0.1% | +0.02 |
| EMREmerson Electric Co | ReducedHistory | 72,35385,260 | −12,907−15.1% | $7.04M$8.23M | −$1.26M | <0.1%0.1% | −0.01 |
Estimated amounts multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares): new positions use this quarter's value and sold-out positions last quarter's; positions reported only as principal (PRN) cannot be estimated. 13F shows only quarter-end holdings, not when trades happened or at what price.